Paul's Market Insights
Paul's Market Insights is our bi-weekly communique to provide clients with current insights on financial markets.
Written by Paul Siluch
September 5th, 2025
Once upon a time, one of your neolithic ancestors – let’s call her Lilly - was hungry. She had a spare deer hide but nothing she could eat.
Her neighbour – let’s call him Ug - caught some fish and offered her two in exchange for the fur. She demanded four but the two settled on three because he was cold, and she needed to eat.
This was barter, the earliest form of monetary transaction.
What makes any form of money work? There are five qualities...
